It is a broadly described annual report of Uttara Bank Limited in the year of 2015. As of 31st December 2015 total asset of the Bank stood at Taka. 151,476.3 million with an increase of 7.12 percent as against 2014. The Bank invested total Tk. 41,336.6 million in 2015 as compared to Tk. 42,787.9 million of the previous year. The operating profit of the Bank during the year 2015 was Tk. 3,981.7 million as against Tk. 3,812.8 million in 2014. The Bank was able to earn gross income of Tk. 15,771.9 million during the year 2015 whereas the gross expenses were Tk. 11,790.2 million. Net profit of the Bank before tax stood at Tk. 2,520.6 million as against Tk. 2,902.8 million of the previous year. Net profit of the Bank after tax stood at Tk. 1,502.9 million in 2015 as against Tk. 1,389.4 million of the previous year, thus records a growth of 8.17 percent. The operating profit of the Bank during the year 2015 was Tk. 3,981.7 million as against Tk. 3,812.8 million in 2014. The Bank was able to earn gross income of Tk. 15,771.9 million during the year 2015 whereas the gross expenses were Tk. 11,790.2 million.
The Board of Directors recommended @20% cash dividend for the year 2015 subject to the approval of the shareholder in the 33rd Annual General Meeting. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
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